Assessing Financial Well Being with Julie Walker

It’s time for a health check: is your business in good shape financially? In this episode of Q&A Over Coffee, we sit down with Olsen Thielen COO Julie Walker to dive into the components that determine the financial wellness of your business. Tune in to find out more about:

• Making sure your financial statements are in order
• Considering Profit & Loss, Gross Margin, and the Bottom Line
• Analyzing financial trends over time
• Benchmarking your business against others in your industry
• Assessing cash flow & looking ahead to future liabilities
• Debt management
• Current challenges in the economic market
• Warning signs of a financially unhealthy business

Know when to ask for help! If you are facing any of these issues, it may be time to seek the outside opinion of a trusted advisor. These relationships – from your banker to your accountant – are so important in ensuring the financial health of your business and help provide you with the information you need to make informed decisions. Relevant Resources: Check out our previous Q&A Over Coffee roundtable podcast episode on Financial Statements here. We discuss best practices and things to look out for when reviewing your financial statements. The 2024 Report from Bremer Bank has detailed information and projections for the financial market and economic outlook in 2024. Read the What to Expect from Markets in 2024 report here.